• About
  • Privacy & Policy
  • Contact
Friday, November 20, 2020
No Result
View All Result
Magnatic.net
  • Home
  • News
  • Politik
  • Business
  • Sport
  • Lifestyle
  • Digital
  • Familie
  • Gesundheit
  • Auto
  • Kultur
  • Wirtschaft
  • Home
  • News
  • Politik
  • Business
  • Sport
  • Lifestyle
  • Digital
  • Familie
  • Gesundheit
  • Auto
  • Kultur
  • Wirtschaft
No Result
View All Result
Magnatic.net
No Result
View All Result
Home Business

Liquefied natural gas: US hype and German obedience? | Business| Economy and finance news from a German perspective | DW

12. February 2019
in Business
0
Liquefied natural gas: US hype and German obedience? | Business| Economy and finance news from a German perspective | DW
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter

What’s the difference between LNG and conventional natural gas sent through pipelines?

Liquefied natural gas (LNG) is just as odorless, noncorrosive and nontoxic as ordinary natural gas. The only difference is that LNG is natural gas cooled to roughly minus 260 degrees Fahrenheit (minus 190 degrees Celsius).

This is done to shrink its volume by around 600 times, which makes the resource — now a liquid — a lot easier to store and transport on huge tankers. Cooled down so much, it has an additional useful property: It’s no longer explosive or flammable.

Who are the largest natural gas producers?

The United States is now the world’s leading natural gas producer. Not least owing to extensive shale gas fracking, the country boasts an abundant supply that is not just big enough to power the US itself for many decades or even centuries ahead; it also enables the country to export a growing amount of the valuable resource.

While the US is the biggest natural gas producer at 766,200 million cubic meters (27 trillion cubic feet) annually (end of 2017), Russia is a close second at 635,500 million cubic meters, followed by Iran and Qatar.

And who are the biggest LNG exporters?

As of December 2018, Australia has been the world’s largest exporter of liquefied natural gas, relegating Qatar to second place, ahead of Malaysia in third position.

But the United States is aiming to be among the top three by the end of this year. It has been massively adding liquefaction capacity to profit from enhanced global natural gas demand. The country is expected to add over 6 billion cubic feet of daily liquefaction capacity by 2021.

That would come on top of the over 3 billion cubic feet per day stemming from the country’s Sabine Pass and Cove Point facilities.

Will the EU need more natural gas in the future? Will Germany?

The answer is “yes” to both. Nations across the European Union value gas as a much cleaner alternative to other fossil fuels. And they cannot rely for much longer on a steady supply from within the bloc.

EU27 gas demand projection

Norway’s resources are depleting, and the Netherlands has already announced it will reduce gas supplies by two-thirds as of 2022 and halt them completely by 2030 because of unsafe extraction conditions.

Should the Russia-led Nord Stream 2 gas pipeline project go ahead as scheduled, Europe’s dependence on Russia will no doubt increase, but relatively cheap gas supplies make the deal so enticing.

The US administration, just like Eastern European nations, have vociferously advised against the Nord Stream project, and Washington has pushed its very own solution to the conflict — making more EU nations, and above all Germany, buy LNG from the US.

Does Germany really need LNG at all, and LNG from the US specifically?

Europe as a whole has recently increased its LNG imports by 1.4 billion cubic meters per day. Among the main recipients have been Spain, Italy, Portugal and France.

It would be taking it too far to claim that those nations depend on LNG supplies, but they’ve seen it as a useful diversification of their energy sources. That certainly makes sense, given that the countries in question have the necessary infrastructure in place to receive LNG from tankers.

In the case of Germany, including direct LNG deliveries in its energy mix would also make sense in terms of diversification, but it wouldn’t really need a lot more right now despite the country phasing out both nuclear and coal power, and it wouldn’t necessarily need LNG from the United States.

Is Germany technically prepared to receive liquefied natural gas?

Unlike EU nations such as Belgium and the Netherlands, Germany doesn’t have its own terminal to import liquefied natural gas directly.

But at a German-US conference on energy security in Berlin on Tuesday, German Economy Minister Peter Altmaier strongly supported the construction of at least two such terminals in northern Germany. Brunsbüttel, Stade or Wilhelmshaven were mentioned as likely locations.

US Deputy Energy Secretary Dan Brouillette said at the meeting his country was currently exporting LNG to 10 European nations, adding he was confident that Germany would join the group.

“The question is not if, but when,” he said, noting that lesser dependence on Russia was crucial.


Credit: Source link

Next Post
Katy Perry wegen “Blackfacing” in der Kritik – Schuhkollektion rassistisch?

Katy Perry wegen "Blackfacing" in der Kritik – Schuhkollektion rassistisch?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT

Recommended

TV-Tipp: Die Kim-Dynastie | STERN.de

TV-Tipp: Die Kim-Dynastie | STERN.de

2 years ago
Herzogin Meghan: Ausflug in die Zeitschriften-Branche

Herzogin Meghan: Ausflug in die Zeitschriften-Branche

1 year ago

Popular News

  • Pisang Batu in Indonesien: Schmutzigster Fluss der Welt bekommt endlich Hilfe

    Pisang Batu in Indonesien: Schmutzigster Fluss der Welt bekommt endlich Hilfe

    0 shares
    Share 0 Tweet 0
  • Brexit: Parlament lehnt alle Varianten ab – Chaos um geplanten EU-Austritt

    0 shares
    Share 0 Tweet 0
  • Vanillepudding aus dem Discounter: Das steckt drin

    0 shares
    Share 0 Tweet 0
  • Weitere Verhandlungen: Chinas Vizepremier reist für Handelsgespräche in die USA

    0 shares
    Share 0 Tweet 0
  • Aiman Abdallah: Er blickt auf 20 Jahre “Galileo” zurück

    0 shares
    Share 0 Tweet 0
Magnatic.net

magnatic.net is an online news website that aims to provide news around the world and especially German.

Category

  • Auto
  • Business
  • Digital
  • Familie
  • Genuss
  • Gesundheit
  • Kultur
  • Lifestyle
  • News
  • Politik
  • Reise
  • Sport
  • Wirtschaft
  • Wissen

What’s New?

  • Asyl: Bamf hebt nach Überprüfung rund 1,8 Prozent der Asylbescheide auf
  • Eilmeldung: Festnahme im Fall des getöteten Regierungspräsidenten Lübcke
  • Trainerwechsel: «Neue Ära» für Juve – Sarri kommt vom FC Chelsea nach Turin
  • About
  • Contact
  • Privacy & Policy
  • DATENSCHUTZ
  • Impressum

© 2018 Magnatic.net - All about News by magnatic Inc!.

No Result
View All Result
  • Home
  • News
  • Politik
  • Business
  • Sport
  • Lifestyle
  • Digital
  • Familie
  • Gesundheit
  • Auto
  • Kultur
  • Wirtschaft

© 2018 Magnatic.net - All about News by magnatic Inc!.